Housing: Construction

Ministry of Housing, Communities and Local Government written question – answered on 17th November 2020.

Alert me about debates like this

Photo of Colleen Fletcher Colleen Fletcher Opposition Whip (Commons)

To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the effect of the covid-19 outbreak on the rate of house building.

Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

The COVID-19 outbreak has had a significant effect on the housing market and the Government has taken unprecedented measures to help those facing challenges. To support housebuilders the Government has taken steps including the Stamp Duty holiday and increasing site opening hours to facilitate activity. In addition we have set out an ambitious package of measures to ensure we build the right homes in the right places and level up opportunities across the country. This package includes, at £12.2 billion,?the highest single funding commitment to affordable housing in a decade;?a once in a generation reform to the planning system, and plans for a £10 billion Single Housing Infrastructure Fund to tackle barriers to housebuilding.

Recent evidence shows housebuilding activity is picking up. For example Knight Frank, the estate agency, highlighted that land market transactions picked up in Q3, with housebuilders returning to the market after many withdrew in Q2. Some have publicly confirmed resilient sales levels and completion rates despite the pandemic, noting an increase in demand over the summer as the market reopened. Similarly the Construction PMI for housebuilding was 62.4 in October, above the 50 no-change mark which indicates that output expanded. Survey respondents highlighted pent up demand and a boost from improving housing market conditions. We continue to monitor the housing market and the effect on it over the pandemic.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.